Monday, October 13, 2008

Learning Economics Through Cartoons

The big man represents large US economy. The cushion beneath there refers to the stimulus package offered earlier such as tax rebates to increase consumer confidence & therefore spending. Another man is best referred as President Bush that hopes that his plans work out to prevent the US economy from crashing

These are the problems that haunt US economy: high unemployment, previously high oil price which breached US $100 per barrel, high cost-push inflation, falling house prices, ballooning consumer & national debt, many other financial institutions on the brink of collapse, factories shutting down, & depreciation of US dollar

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